Marwyn Value Investors Limited initiated a partial cash redemption of ordinary shares. The number of ordinary shares to be redeemed will be calculated by reference to the net asset value per ordinary share as at December 31, 2014. All of the ordinary shares redeemed on the redemption date will be cancelled. The shares will be redeemed on a pro rata basis in order to give effect to the capital return will be announced by the company on or before January 15, 2015. As of January 8, 2015, the company has 64,065,256 ordinary shares in issue. The redemption will take place on January 16, 2015.

On January 15, 2015, the Board announced that it will return 2.78% of its issued shares, equal to 8.255 pence per ordinary share on the redemption date.